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Jul 1, 2012
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if they do not, they must pay a tax penalty. in a 5-4 decision with chief justice john roberts writing the majority opinion the court reasoned that congress has the right to impose taxes, and the health mandate can be construed as a tax. quote, because the constitution permits such a tax, it is not our role to forbid it or to pass upon its wisdom or fairness, unquote, so wrote chief justice john roberts. >> question. 26 states have sued the federal government over the healthcare law called the affordable care act. how will this ruling go over with those states and the american people at large in those states? pat buchanan. >> overall, i don't think it's going to go over very well, but john roberts has just given barack obama a signal victory, and he may have given barack obama a second term as president of the united states. john, four of those justices were ready not only to overturn the individual mandate but the entire obamacare law, and john roberts joined them, the whole thing would be gone now, and barack obama would have
if they do not, they must pay a tax penalty. in a 5-4 decision with chief justice john roberts writing the majority opinion the court reasoned that congress has the right to impose taxes, and the health mandate can be construed as a tax. quote, because the constitution permits such a tax, it is not our role to forbid it or to pass upon its wisdom or fairness, unquote, so wrote chief justice john roberts. >> question. 26 states have sued the federal government over the healthcare law...
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Sep 4, 2012
09/12
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it will raise taxes. over ten years, look for roughly $800 billion in higher revenue if president obama is reelected. but if romney takes the white house, he'll like raise taxes somewhere in the range of $250 billion. the rest would come from spending cuts. more from cuts in health care and entitlements under romney. more from defense under president obama. add it all up, and the size is somewhere around two or three trillion dollars. the goal of the package is clear. >> all three of the major ratings agencies have said that if congress doesn't pass significant deficit reduction-- enough to make debt to g.d.p.-- put is on a sustainable path within a reasonable period of time, that they'll all downgrade. and i think that's going to become the bogey. >> darren: a $2 trillion or $3 trillion deficit reduction package would be a sizeable step towards stabilizing our debt. but not everyone thinks such an outcome is likely. >> i don't see how the politics of this has changed very much. i don't see more people su
it will raise taxes. over ten years, look for roughly $800 billion in higher revenue if president obama is reelected. but if romney takes the white house, he'll like raise taxes somewhere in the range of $250 billion. the rest would come from spending cuts. more from cuts in health care and entitlements under romney. more from defense under president obama. add it all up, and the size is somewhere around two or three trillion dollars. the goal of the package is clear. >> all three of the...
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Oct 1, 2012
10/12
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only 23% were aware that payroll taxes had decreased during obama's term in office. only slightly more than half knew that paul ryan is the republican vice presidential nominee. the director of the annenberg center, kathleen hall jamieson, our master media decoder is back with us. welcome. >> thank you. >> so who's responsible for the widespread unawareness or ignorance that you report in your survey? is it the candidate, the media, or the voter? >> it's all three. and fortunately, we have the opportunity with presidential debates to do something that reliably increases knowledge. we've been studying presidential debates for a long time as a scholarly community. and to our surprise, we consistently find that those who watch debates, regardless of the level of knowledge they come in with, come out with more accurate knowledge as a general group. and they do this because those who haven't paid a great deal of attention have a lot to learn. those of us who've paid a lot of attention still missed things. the news may have covered something one day and we weren't paying a
only 23% were aware that payroll taxes had decreased during obama's term in office. only slightly more than half knew that paul ryan is the republican vice presidential nominee. the director of the annenberg center, kathleen hall jamieson, our master media decoder is back with us. welcome. >> thank you. >> so who's responsible for the widespread unawareness or ignorance that you report in your survey? is it the candidate, the media, or the voter? >> it's all three. and...
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Feb 29, 2012
02/12
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tonight's commentator says the president's budget plan, which raises taxes on those dividends, is in need of reform. here's todd buchholz, author of "rush: why you need and love the rat race." >> does president obama have a grudge against stocks and dividends? in his last financial disclosure, he unveiled financial assets worth somewhere between $2.8 million and $11.8 million. what did he do with his money? he invested only 10% in stocks. meanwhile, he's keeping up to half a million dollars in a bank checking account. that's a lot of cash. don't we taxpayers pay for his dinners at the white house? is he buying new tires for air force one? did his bank give him a new toaster in exchange for opening an account? i'm more concerned, though, about the president's gripe against dividends. his latest budget argues for a top tax rate of 43.4% on dividends, almost three times today's rate. his timing is terrible; just as baby boomers are heading to retirement, their advisors are telling them to dump stocks and replace them with a steady flow of income from bonds. what happens when the stock-
tonight's commentator says the president's budget plan, which raises taxes on those dividends, is in need of reform. here's todd buchholz, author of "rush: why you need and love the rat race." >> does president obama have a grudge against stocks and dividends? in his last financial disclosure, he unveiled financial assets worth somewhere between $2.8 million and $11.8 million. what did he do with his money? he invested only 10% in stocks. meanwhile, he's keeping up to half a...
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Feb 23, 2012
02/12
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president obama called today for cutting the corporate tax rate to 28% from 35%. his plan would replace the lost revenue by eliminating dozens of existing tax loopholes. it also would set a minimum tax on overseas earnings of u.s. firms to encourage them to bring those revenues home. white house press secretary jay carney said the plan should have broad appeal. >> we believe that the reception so far has been positive and will be positive, because it does what so many people say is important to do, which is-- and this is democrats and republicans-- which is lower the rate, broaden the base, eliminate the underbrush of unnecessary subsidies and loopholes and special provisions that complicate the tax code. >> holman: immediate republican reaction to the plan was mixed and it's viewed as unlikely congress would take up a major tax overhaul before the fall elections. nearly 50 people were killed in argentina today when a commuter train crashed at a buenos aires station. at least 600 others were injured. officials said the train was packed with morning riders and goin
president obama called today for cutting the corporate tax rate to 28% from 35%. his plan would replace the lost revenue by eliminating dozens of existing tax loopholes. it also would set a minimum tax on overseas earnings of u.s. firms to encourage them to bring those revenues home. white house press secretary jay carney said the plan should have broad appeal. >> we believe that the reception so far has been positive and will be positive, because it does what so many people say is...
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Oct 17, 2012
10/12
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obama: my philosophy on taxes has been simple. that is i want to give middle class families and folks who are striving to get in the middle class some relief. because they have been hit hard over the last decade. over the last 15 over the last 20 years. so four years ago i stood on a stage just like this one it was a town hall and i said i would cut taxes for middle class families. that's what i've done by $3600. i said i would cut taxes for small businesses who are the drivers and engines of growth. we've cut them 18 times. i want to continue those tax cuts for middle class families and for small businesses. but what i've also said is if we're serious about reducing the deficit, if this is genuinely a moral obligation to the next generation, then in addition to some tough spending cuts, we've also got to make sure that the wealthy do a little bit more. so what i've said is your first $250,000 worth of income, no change. that means 9% of american families, 97% of small businesses, they will not see a tax increase. i'm ready to sig
obama: my philosophy on taxes has been simple. that is i want to give middle class families and folks who are striving to get in the middle class some relief. because they have been hit hard over the last decade. over the last 15 over the last 20 years. so four years ago i stood on a stage just like this one it was a town hall and i said i would cut taxes for middle class families. that's what i've done by $3600. i said i would cut taxes for small businesses who are the drivers and engines of...
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Nov 30, 2012
11/12
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obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli amb
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general...
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Nov 29, 2012
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president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we'r
president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of...
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Feb 10, 2012
02/12
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we have preserved all of those claims and president obama in the state of the union announced that we are, in fact, going to have a joint state/federal working group to conduct a full investigation of those claims in a more comprehensive, coordinated way than we've ever done and i'm one of the co-chairs. so the important thing in evaluating a settlement is partly to look at how much money you get. and it's true, this is a very small portion of the negative equity that's out there. it's a step, but just a step on the path. in evaluating it, you have to look at what claims you're giving up. what are you getting for what you're giving up? in this case i'm confident we held out for and fought to have the claims preserved that give us the most leverage to go back to the folks that blew up the american economy and get more meaningful relief for both homeowners and investors that were further that debacle. >> brown: are you confident as well that these practices, the very kinds of things you were just talking about and caused the problem in the first place, are you confident now that those h
we have preserved all of those claims and president obama in the state of the union announced that we are, in fact, going to have a joint state/federal working group to conduct a full investigation of those claims in a more comprehensive, coordinated way than we've ever done and i'm one of the co-chairs. so the important thing in evaluating a settlement is partly to look at how much money you get. and it's true, this is a very small portion of the negative equity that's out there. it's a step,...
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Oct 15, 2012
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he cares about big business and tax cuts for wealthy people. i certainly do not believe that he cares about my hard-working employees. i feel like i was duped by mitt romney. i'm going to vote for president obama. >> priorities usa action is responsible for the content of this advertising >> this is what president obama said the jobless rate would be if we pass a stimulus. 5.6%. but this is what the jobless rate actually is. 8.1%. the difference? about 3.7 million jobs. obama's spending drove us $5 trillion deeper in debt. now we have fewer jobs than when he started. what obama promised versus what he delivered >> american crossroads is responsible for the content of this advertising. >> suarez: the newshour >> suarez: the newshour is working with cmag and national public radio for this series of reports examining advertising spending. joining us now is npr correspondent peter overby, who took a look at super pacs. for almost 20 years you've been covering the way money drives politics in america. a lot of money is being spent this time around.
he cares about big business and tax cuts for wealthy people. i certainly do not believe that he cares about my hard-working employees. i feel like i was duped by mitt romney. i'm going to vote for president obama. >> priorities usa action is responsible for the content of this advertising >> this is what president obama said the jobless rate would be if we pass a stimulus. 5.6%. but this is what the jobless rate actually is. 8.1%. the difference? about 3.7 million jobs. obama's...
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Nov 7, 2012
11/12
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romney could say it was obama care's repeal. one won and the other didn't. >> woodruff: we're watching as we discuss what's going to happen after the election, we're watching a very happy crowd in chicago and a moment ago we had a look at the crowd briefly in boston. at romney's quarters. this is still chicago. and here is boston. >> ifill: far more glum crowd. woodruff: not cheering not as happy. >> ifill: the presidential motorcade has arrived at the hotel about an hour or so ago. we know that he's there with the first lady and daughters. they're waiting to see the next move and see when they come out and give their speeches. we assume there will be a series of speeches. >> ifill: looks like they're bringing somebody out on stage. we can't tell who it is. it could be musical entertainment. i have to say when it comes to music, we've been treated to some of the best during this campaign from kid rock to governor romney to meatloaf and j-z for the president. for a while they were bringing their human i-pods along. >> ifill: judy
romney could say it was obama care's repeal. one won and the other didn't. >> woodruff: we're watching as we discuss what's going to happen after the election, we're watching a very happy crowd in chicago and a moment ago we had a look at the crowd briefly in boston. at romney's quarters. this is still chicago. and here is boston. >> ifill: far more glum crowd. woodruff: not cheering not as happy. >> ifill: the presidential motorcade has arrived at the hotel about an hour or...